Bond Yixing City Development Finance 2.98% ( CND10007GKS2 ) in CNY

Issuer Yixing City Development Finance
Market price refresh price now   100 %  ⇌ 
Country  China
ISIN code  CND10007GKS2 ( in CNY )
Interest rate 2.98% per year ( payment 1 time a year)
Maturity 04/01/2027



Prospectus brochure in PDF format is unavailable at this time
We will provide it as soon as possible

Minimal amount /
Total amount 1 000 000 000 CNY
Next Coupon 04/01/2026 ( In 155 days )
Detailed description Yixing City Development Investment Bonds are municipal bonds issued by the Yixing government in China to finance infrastructure and economic development projects within the city.

A significant fixed-income instrument, identified by the ISIN CND10007GKS2 and categorized as a bond, is currently under review in financial markets. The issuer of this specific bond is designated as Yixing City Development Investment Bonds. This entity typically functions as a local government financing vehicle (LGFV) or a state-backed enterprise in China, established to raise capital for urban infrastructure projects and regional economic development within Yixing City. Such entities play a pivotal role in funding public works, housing, industrial parks, and other initiatives crucial for local economic growth and social progress, often acting as an investment arm of the municipal government, though not necessarily a direct sovereign issuer. This fixed-income security originates from China, reflecting its issuance within the burgeoning Chinese debt market. The bond carries a coupon rate of 2.98%, with interest payments disbursed on an annual frequency. With a total issue size amounting to CNY 1,000,000,000 (one billion Chinese Yuan), this offering represents a substantial capital raise. The bond is slated for maturity on January 4, 2027, positioning it as a medium-term investment opportunity. As of the latest market data, the bond is trading at 100% of its face value, indicating a stable market price at par. Denominated in Chinese Yuan (CNY), this bond exposes investors to the local currency, which is a key consideration for international participants regarding currency risk and exchange rate fluctuations.